Italy's economy may be pulling
out of recession, Istat national statistics bureau said Tuesday.
"We expect the contraction phase of the Italian economy to
cease in the coming months due to positive internal demand
signals," Istat said.
"However labor market conditions remain difficult...with
the unemployment rate on the rise".
Stagnant growth is likely in the fourth quarter this year,
Istat added. "Overall... growth in the final quarter of (2014)
will remain substantially stationary," the bureau said.
Istat also said a drop in worldwide crude oil prices will
not affect Italy.
"The drop in oil prices will likely have limited
expansionary effects," the bureau said in its monthly report on
the national economy.
A fall in energy prices could accentuate "the deflationary
drive with a negative impact on expectations...highly indebted
countries will see a rise in the real price of their debt".
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